EOS.IO Platform for the Dummies- Part 1

Since you are in this post then I would imagine that you already have some idea about EOS.IO, but if you are a complete new on the topic then also you are at the right place. So let me start by giving a brief overview of EOS.IO, before we get into the details of it.

What is EOS.IO Platform:

EOS.IO platform is the newest entrant on the market which is based on the blockchain technology. Its architecture has been designed to keep the philosophy of horizontal & vertical scalability of any DAPP (Decentralized Application) at the epicenter.
In order to achieve such a feat the developers have created a operating system like construct, upon which all these DAPPs can be deployed.

Salient Features of EOS.IO Platform:

The platform provides Accounts to the DAPPs developers.
Authentication is also taken care by the EOS.IO system itself.
The database is an integral part of any application and it is provided by the platform.
Parallel processing etc.
Scalability

What Makes it an Ethereum Killer:

EOS.IO can cater too millions of transactions every second, which is totally unprecedented in the blockchain ecosystem.
It is the only blockchain platform that is free to use for the users. This empowers the developer & the business community to formulate and implement their own monetization strategies.
The EOS.IO platform is robust enough to provide flexibility, to the developer, to fix any bugs in the code, should the need arises.
Blockchain technology still lags behind on the front of latency. The EOS.IO tries to correct that by ensuring lowest of latency possible.
Any application that can not be implemented on a parallel algorithm, due to the very nature of the business, EOS.IO provides a robust and fast sequential performance platform.

To be continued…

References-EOS.IO Technical White Paper